The Season of Rewarding is Upon Us

The Holidays are a magical time of the year when gifts are exchanged, vacation days are cashed in, and everyone gets fed up with their relatives. In this final month of the year employers have a tendency to be just as giving. Whether these are companywide gifts, gift cards, cash bonuses, extra PTO or other incentives, they generally roll in during this time of the year. 
This traditional system of year-end bonuses is a tough way to keep employee engagement high. Spot bonuses are not great ways to incentivize people to work hard the rest of the year. Year-end employee rewards are something that encourage employees to increase productivity leading up to December but might not have the same effect on increasing urgency on January 1. Traditional employee reward methods are becoming obsolete. 

How to Have Year-End Urgency in January

Employee Recognition. How do you incentivize anyone? You tie them to team values and reward them when they live those values. Goals are good. Especially quantitative goals. Sales teams usually have a goal and reward when they hit that goal, as a collective group they are empowered and excited. Employee Recognition takes that empowerment and makes it personal. Rather than rewarding the entire group it lets the group reward one another as they strive to hit their goals. “Great job on that last call +10 points #slinging deals” is one of the examples of what happens internally at Nectar HR when our sales team gets rolling. Peer to peer recognition is the future of creating that year-round urgency that companies want.

How to Recognize Employees

Rudolph the Red Nose Reindeer was kind of a chump. He got bullied until Santa gave him a shout out in front of all of his coworkers. Then they wrote a song about him and his productivity shot through the roof. Recognizing employees empowers them to take action and perform better work. Peer to Peer Recognition programs foster a community of empowered people. Engaging with one another is a positive way by micro bonuses and a social feed of shout outs intensifies the effect of giving a shout out because it is public, meaningful, and far more frequent. Recognize employees in a way that is meaningful and tied to company values “Rudolph you totally guided the sled tonight! We would have been lost without you! #team player +20 points”. Then let those points be tied to redeemable items that employees care about.

How to Make a Cost-Effective Peer Recognition Program

At Nectar HR the number one thing that we hear constantly is “how much will it cost?” People are accustomed to platforms that are costly and sit on a high price per employee per month. Using Nectar, the cost is the budget that administrators allocate to their employees each month. Most companies have a recognition budget or buy gift cards on a regular basis to reward their employees. By eliminating physical gift cards and handing the budget to the employees you have created a peer to peer recognition program that is more effective and saves money. Don’t pay for things you don’t need or use. Nectar HR is customizable so it can fit your exact needs.

Does Employee Engagement Work?

There are statistics that I could use to prove how well Employee Engagement works but here is the logical breakdown of why peer to peer recognition and our employee engagement platform work:
  • You are rewarding employees on a more frequent basis. You have added an entire new system of micro bonuses that can be handed out at any time during the month and then resets each month
  • Peer to peer recognition empowers everyone to recognize everyone. Productivity increases because each employee is able to go above and beyond and receive reward from their coworkers and not just their managers

  • Budget doesn’t have to increase because the core product is free. Now instead of buying fistfuls of gift cards that sit in a drawer collecting dust you only pay for gift cards when they get redeemed.
Rewarding employees has never been easier or more important. You can blame us millennials or just assume that everyone is trying to hire top talent, regardless this new work force is very mobile and keeping employees engaged and improve retention are the key challenges that Human Resource teams currently face.

Nectar HR Employee Engagement

Our platform at Nectar HR is comprised of three pillars:
  1. Employee Rewards and Recognition – Digital Gift Card rewards that are redeemable by each individual based on the peer to peer recognition system of points that is in place
  2. Employee Voice – eNPS and Pulse surveys that empower employees to leave feedback in an anonymous way
  3. Employee Perks and Discounts – The sprinkle on the top of our cake that lets employees enjoy discounts from some of the nation’s top brands
The Nectar HR core product is absolutely free and can instantly be a tool used by all HR teams to enhance company culture and setup an efficient rewards and recognition program.

Build a culture people are proud of without breaking the bank

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Peer-to-Peer Recognition: Some Ideas to Freshen Up Your Company Culture

{{ excerpt(`<h2>Introduction</h2>If you are an HR leader or a corporate executive, you might have heard about peer-to-peer recognition and its advantages in a corporate setting. Peer recognition happens when an individual is commended by his or her team members, or if the whole department decided to commend each other for a job well done. It can be a motivating practice, and many companies across the United States are now adopting the practice. The motivation that it provides makes everyone in a company work harder so that they can also be recognized for their contribution. Peer-to-peer recognition best practices include rewards for those who have provided a solid contribution to the company’s success, and this recognition drives employees to achieve their goals and perform better. The result is higher employee engagement and greater productivity.<h2>Why is peer-to-peer recognition important in today's corporate setting?</h2>Today's corporate setting can be stressful for many people. However, when a company decides to change their company culture to accommodate others and encourage the employees to engage in a peer-to-peer recognition program, the workplace experience becomes more meaningful. Through the years, companies have proven that peer recognition drives results. There are many ways to introduce a peer-to-peer recognition program into a company. Its success depends on the employees and the corporate heads. Providing incentives and encouraging employee engagement is the best way to implement a peer recognition program and ensure its success. Nothing drives results more than a workplace culture where employees feel encouraged to provide feedback and recognize one another for their accomplishments.<h2>Why are more companies adopting a peer-to-peer recognition program?</h2><h3><strong>Creating a company culture where everyone wants to work with each other</strong>&nbsp;</h3>A peer-to-peer recognition program enables employees to have a common avenue where they can share their gratitude or feedback with a fellow employee. Employee recognition programs encourage communication inside the workplace, and can greatly increase productivity. Recognition encourages increased competence because there is a direct relation to hard work and recognition in doing their job, and they will be able to accomplish more things if everyone is working together. A strong set of company values encourage the employees to comply with the rules and regulations that they need to follow, setting up an example for other workers.&nbsp;<h3><strong>To manage and streamline how the incentive budget spending</strong></h3>Companies are adopting peer-to-peer recognition programs because they want their expenses to be monitored. Sponsoring a recognition program does not require a large budget, and companies are being subjected to budget audits when they want to introduce peer recognition to their employees. Other companies who are stating that they do not have a budget for peer recognition and there are many low cost options like Nectar HR that can provide an employee engagement platform at low cost per employee per month.<h3><strong>Introducing peer recognition inside the workplace is an easy task</strong>&nbsp;</h3><br>Many employee recognition programs provide an on-boarding process that allows the HR representatives to be trained in the use and implementation of each program. Some of the peer-to-peer recognition programs even have a self-service tutorial and boast of quick on-boarding processes that can be completed in under 10 minutes. Each of these programs is created in a way to create the perfect solution and are easy to understand and use.<br><h3><strong>Using a peer recognition program will decrease the load required for administrators</strong>&nbsp;</h3>Peer recognition programs are a great way to improve workplace culture and enable the employees to become more engaged in the workplace and showing gratitude to other employees. With employee recognition programs in place, the employees can simply check all of the information available within the program, and they can also use it to buy gifts or other merchandise that they can give to another employee that they wanted to motivate. It is a great way to manage all of the expenses that are being used on gift-giving, and it will also encourage the employees working for the company to recognize and appreciate the work of one another.<h3><strong>The employees would love peer recognition</strong>&nbsp;</h3>Humans are social animals, and we love the feeling of being recognized and commended for a job well done. Employee recognition programs can immediately impact the company culture by providing instant feedback on their performance and indicators to appreciation from their peers. Performance can be monitored and relationships between employees become clear as those who work well with others will be able to be recognized for their hardwork. Peer recognition is a good thing, and all of the employees working on your company will benefit from it and will develop a different sense of companionship with one another.&nbsp;<h3><strong>Companies are using it as a strategy to recruit talent</strong>&nbsp;</h3>Job hunters today are considering workplace culture whenever they are trying to find for a place where they can work. Younger generations have cited toxic company culture as one of the biggest reasons they leave their jobs. Creating healthy workplace culture can incentivize more young professionals to join a company. HR leaders and corporate executives are trying to show the prospective talents how fun it is working for a company that practices peer recognition. The younger talents need to develop an interest working for the company, and if they notice that the company culture is positive, and many workers are satisfied and happy with what they are doing there is a greater incentive to work at the company.&nbsp;<h3><strong>Creating a loyal team inside the company</strong>&nbsp;</h3>When using a peer recognition program, the company encourages the department heads to look for someone inside their department that can be promoted to a higher position. For them, relying on the talent that is already available within the company is important, because it will give the workers a chance to show what they are capable of. When the employees are encouraged and promised of a promotion, they will work hard and show their higher-ups that they can do everything that they can to avail of the promotion that is given to those who have a positive working attitude. When you provide the promotion to those who have been working for the longest time, you will develop a team that is loyal to the company. Use the remaining budget that you saved to hire new faces that will be introduced to friendly company culture.&nbsp;<h3><strong>Peer recognition programs create genuine friendships</strong></h3>An office is a place where relationships are created, just like the school or a community. When the employees are giving each other positive feedback and motivational advice, the bond starts to strengthen, and everyone will look at each other as a reliable person to talk to about life problems. If you wanted your employees to get along very well, you can start directing everyone working for your business to start using a peer recognition program and be open with the problems and issues faced inside the company. This will give everyone a voice to air out their concerns, and it would have a positive impact on the working environment.&nbsp;<h3><strong>Peer recognition programs provide an avenue for employee feedback</strong>&nbsp;</h3>Annual reviews are becoming obsolete, and many companies in the United States decided to ditch it. The HR leaders and corporate heads of these companies decided that annual feedback from the employees would not help them with their concerns. Instead, the companies started to adopt a peer recognition program, and they are given a chance to give live feedback to their workmates, advising them about the things that they need to remember, or providing them a commendation to motivate them to work harder. The employees who are receiving positive feedback on their peer recognition survey are saying that it makes them feel good, and it also encourages them to work harder.<h2>What are the best ideas to promote peer recognition inside the workplace?</h2>There are multiple ideas that HR leaders and corporate executives can find on the internet that will guide them on how to promote peer recognition inside the office. If you are an HR leader or a corporate executive, you can start getting an idea on how it should be done by following these strategies and tips:&nbsp;<div data-empty="true"><br></div><h3 style="margin-left: 40px;"><strong>1. Delivery of a gift on a co-worker’s desk</strong>&nbsp;</h3><div style="margin-left: 40px;">Peer recognition can be observed in a workplace where the employees are giving gifts to each other as a sign of gratitude for their hard work. Direct your employees to give a gift to the individual who they think contributed a lot for the success of the business. The gift is not necessarily something expensive, because a simple cup of coffee or a small candy can promote peer recognition.&nbsp;</div><div data-empty="true"><br></div><h3 style="margin-left: 40px;"><strong>2. Write the motivation or the recognition on a piece of paper</strong>&nbsp;</h3><div style="margin-left: 40px;">If you have a lot of sticky notes inside the office, what you can do to motivate or encourage your employees is to write down your commendation on a piece of paper and stick it to their desks. You can also use the bulletin board on your department to announce the recognition of an individual. Announcing it to the team will inspire everyone to work harder while building the confidence of the person who received the commendation.&nbsp;</div><h3 style="margin-left: 40px;"><strong>3. Give trophies if it is necessary</strong>&nbsp;</h3><div style="margin-left: 40px;">If you wanted to bring the best in your employees, you can give them trophies and observe how they will improve. You can also give your employees stuffed animals, or any reward that you wanted. Those who displayed an outstanding performance should be given the highest recognition, and you will be surprised seeing everyone trying to reach their goals after a trophy has been awarded.</div><h2>Conclusion</h2>If you wanted to see a drastic improvement in your company’s office culture, make sure that you are doing your best in promoting peer recognition inside the workplace.`) }} ...

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Are Your Employees Making Maximum Use Of The Rewards And Perks You Offer Them?

{{ excerpt(`Your company relies on its employees. They handle all of the day to day operations that keep you in business. That gives you the opportunity to focus on the big picture items that will take your company to the next level. That's why you offer employee benefits- to help them know how much you appreciate them. However, many workers don't take advantage of the perks offered to them.<br><br>When employees know they are appreciated, they are going to be more satisfied in their position. They will work harder and have a better attitude throughout the work day. They will also be less likely to go to another employer. That's why you want to ensure that new comers know what discounts they can take advantage of and how to do so. Here are some tips to help your employees take advantage of everything offered to them.&nbsp;<h2>Have a Meeting</h2>Hold a mandatory meeting detailing all of the rewards available and how to take advantage of them. Some of the popular discounts offered to workers include discounts on a gym or cell services. You may want to schedule two meetings to keep some people on the floor working during each meeting. Be sure to go in detail and allow everyone to ask plenty of questions. Some of the perks may be somewhat complicated or have specific qualifications.&nbsp;<h2>Make HR Available</h2>Even after a thorough meeting, many team members may still have a lot of questions about how to utilize the perks available to them. Make it clear that the HR team is available to answer any questions and help them sign up for qualified benefits. This means that your Human Resources department needs to be well-versed in all areas of the benefits. They should go through intensive training to be prepared for any question. To help people come to HR with any questions, make it clear exactly who to go to and how to schedule an appointment.&nbsp;<h2>Be an Example</h2>If you qualify for the same rewards as the other workers, you need to use them. Why wouldn't you use these discounts? When you use them, you are able to explain how cool and helpful they are if anyone asks. You can even show off some of the things you've gotten yourself by putting them up at your desk. When someone asks about the item, you can explain that you got it through offers that they can take advantage of, too.&nbsp;<h2>Make Explaining Discounts a Part of Training</h2>You tell all new team members about daily processes and amenities in the break room, so you should tell them about any discounts available to them. As soon as someone comes on board, you should let them know the great things they can get for being an employee at your company. That's why a portion of the training should be focused on explaining everything. It's part of the things that new comers need to know about working for your company.<h2>Send Reminders</h2>If an employee hasn't taken advantage of a single discount available to them, it's a good idea to reach out via e-mail to remind them the offers available. These reminds will make them think about it. They may even start to look around for themselves and figure it out. Otherwise, they will remember to talk to someone to get help. Either way, these reminders will get them to focus on the amazing offers. Once they take advantage of them, they will be a happier employee and work even harder when at the office.&nbsp;<h2>Make Information Easy to Access</h2>Have you ever tried to find information, but it was just too complicated? Many team embers feel the same about the offers available to them. They may go to see what they can take advantage of only to. be directed in a number of different areas. In some cases, the websites with the offers are actually blocked by the security settings on the computers. Make sure that people can access the information easily and while they are at work. If it's overly complicated, make people will give up before they get started.&nbsp;<h2>Ask About Their Experience</h2>Your business should take time to listen to team members. Set up an e-mail survey after you realize that an employee has taken advantage of the services available to them. The survey should have questions about how easy the process was, how much the employee thought it saved them, and whether there's anything else they would prefer. When you listen to your team members, you can give them the services and offers they want.<br><br>You can survey the whole office, too. Give people a mandatory survey that asks what offers they use if any. Ask why they haven't used any if they haven't. These questions will help you make the system better for everyone.&nbsp;<h2>Get the Whole Office Involved</h2>Create enthusiasm by organizing work events that focus on offers available to the team members. If your company is giving away. tickets to an event, get people excited about it! It should be mentioned in team members, you should put up signs, and you should send out e-mails about people who won. When someone sees what someone else was able to achieve, it can encourage them to get more involved.&nbsp;<div data-empty="true"><br></div>Many companies with high turnover rates have team members who don't feel appreciated for the work they do every day. If your business has offers for its workers, it's important that they know about these offers so that they can take advantage of them and be happier members of the work force.<br>Happy workers are more likely to succeed the their jobs. When your team members succeed, your business succeeds. Get everybody up to date on all available offers and help them use them. You are paying for this opportunity to please your workers. When you help them receive unique offers, you will receive happier, more loyal team members.`) }} ...

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